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My Old 540i/6
Just posting up a couple pics of my e39 540i. Currently it's in pretty much stock form. These pics were taken last fall, and since then it's had new rubber and a bit of paintwork (the whole front end).
I've gone through the top of the motor in a (successful) effort to keep the oil and coolant INSIDE the motor. An M5 diff is on it's way to me right now, since I can barely stand to drive the car aggressively with the open diff, it's just painful... Next is to figure out what to do for some reasonable power.
First things first though, I've got to figure out what I'm going to do with the exhaust, since I also can barely stand looking at those exhaust tips. The PO had a true dual exhaust setup put on at a regular old muffler shop, crush bent tubes, no X-pipe, H-pipe, or anything. It actually sounds really great, but I know it is far from optimal. Currently I'm thinking of putting an X-pipe or wave termination box somewhere in the area where the factory Y-resonator was and then do some sort of unobtrusive tailpipe section. I dunno.